OTC Markets Group Welcomes Silver Dollar Resources Inc. to OTCQX

Rhea-AI Summary

OTC Markets Group (OTCM) announced that Silver Dollar Resources Inc. has successfully transitioned to the OTCQX Best Market from the OTCQB Venture Market. Trading under the symbol SLVDF, this upgrade is expected to boost liquidity and attract a larger U.S. investor audience. Silver Dollar is fully funded for 2022 exploration, with approximately $9 million available, and is currently drilling at the La Joya Silver Project in Durango, Mexico. The company aims to enhance market visibility and investor experience.

Positive

• Silver Dollar upgraded to OTCQX, enhancing trading access under SLVDF.
• Anticipated improvements in liquidity and trading experience for U.S. shareholders.
• Company is fully funded for 2022 with $9 million in treasury.
• Active drilling underway at La Joya Silver Project, indicating ongoing exploration efforts.

Negative

• None.

NEW YORK, Jan. 19, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for over 11,000 U.S. and global securities, today announced Silver Dollar Resources Inc. (“Silver Dollar” or the “Company”) (CSE: SLV; OTCQX: SLVDF), a mineral exploration company, has qualified to trade on the OTCQX® Best Market. Silver Dollar Resources Inc. upgraded to OTCQX from the OTCQB® Venture Market.

Silver Dollar’s common shares will continue to trade on the Canadian Securities Exchange ("CSE") under the symbol “SLV” and begin trading today on OTCQX under the symbol “SLVDF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

“Graduating to the OTCQX is anticipated to provide improved liquidity, an enhanced trading experience for our current U.S. shareholders and potential U.S. investors, and expose the company to a broader market audience,” said Michael Romanik, president of Silver Dollar. “The Company is fully funded for 2022 exploration and we are currently drilling our flagship La Joya Silver Project in Durango, Mexico.”

Nauth LPC acted as the Company’s OTCQX sponsor.

About Silver Dollar Resources Inc.

Silver Dollar is a mineral exploration company that completed its initial public offering in May 2020 and is fully funded for 2022 with approximately $9 million in the treasury. The Company’s projects are located in two of the prolific mining jurisdictions in the world and include the advanced exploration and development stage La Joya Silver Project in the state of Durango, Mexico; and the discovery-stage Pakwash Lake and the Longlegged Lake properties in the Red Lake Mining District of Ontario, Canada. The Company has an aggressive growth strategy and is actively reviewing potentially accretive acquisitions with a focus on drill-ready projects in mining-friendly jurisdictions internationally. For additional information, you can download Silver Dollar’s latest presentation by clicking here and you can follow Silver Dollar on Twitter by clicking here. 

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX^® Best Market, the OTCQB^® Venture Market and the Pink^® Open Market for over 11,000 U.S. and global securities.  Through our regulated OTC Link^® Alternative Trading Systems, the Company connects a diverse network of broker-dealers that provide liquidity and execution services.  We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for their investors.

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com 

FAQ

What does the OTCQX upgrade mean for Silver Dollar Resources Inc. (OTCM)?

The upgrade to OTCQX is expected to improve liquidity and enhance the trading experience for investors.

What is the new trading symbol for Silver Dollar Resources Inc. on OTCQX?

Silver Dollar Resources Inc. will trade under the symbol SLVDF on the OTCQX.

Is Silver Dollar Resources Inc. fully funded for its 2022 exploration?

Yes, Silver Dollar is fully funded for 2022 with approximately $9 million in treasury.

Where is Silver Dollar currently drilling projects?

Silver Dollar is currently drilling at the La Joya Silver Project located in Durango, Mexico.